First Au (ASX:FAU) ROC %: -221.46% (As of Dec. 2025)

What is First Au ROC %?

First Au ASX:FAU ROC % is -221.46% as of Dec. 2025. The stock has 1 warning sign investors should review.

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. First Au's annualized return on capital (ROC %) for the quarter that ended in Dec. 2025 was -221.46%.

As of today (2026-06-26), First Au's WACC % is 14.08%. First Au's ROC % is -136.43% (calculated using TTM income statement data). First Au earns returns that do not match up to its cost of capital. It will destroy value as it grows.

First Au (ASX:FAU) ROC % Explanation

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.

There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.

Why is ROC % important?

Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.

As of today, First Au's WACC % is 14.08%. First Au's ROC % is -136.43% (calculated using TTM income statement data). First Au earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Be Aware

Like ROE % and ROA %, ROC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

First Au ROC % Related Terms

First Au ROC % Historical Data

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The historical data trend for First Au's ROC % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

First Au ROC % Chart

First Au Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

ROC %

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-169.65

-166.60

-86.52

-54.80

-134.56

First Au Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24	Jun25	Dec25
ROC %	Get a 7-Day Free Trial															-52.07	-51.23	-56.46	-38.81	-221.46

First Au ROC % Calculation

First Au's annualized Return on Capital (ROC %) for the fiscal year that ended in Dec. 2025 is calculated as:

	ROC % (A: Dec. 2025 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (A: Dec. 2024 )	+	Invested Capital (A: Dec. 2025 ))	/ count )
=	-2.93 * ( 1 - 0% )	/	( (1.839	+	2.516)	/ 2 )
=	-2.93	/	2.1775
=	-134.56 %

where

	Invested Capital		(A: Dec. 2024 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	2.353	-	0.15	-	( 0.47	-	max(0, 0.159	-	0.523	+	0.47	))
=	1.839

	Invested Capital		(A: Dec. 2025 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	3.139	-	0.315	-	( 0.308	-	max(0, 0.333	-	0.714	+	0.308	))
=	2.516

First Au's annualized Return on Capital (ROC %) for the quarter that ended in Dec. 2025 is calculated as:

	ROC % (Q: Dec. 2025 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2025 )	+	Invested Capital (Q: Dec. 2025 ))	/ count )
=	-5.098 * ( 1 - 0% )	/	( (2.088	+	2.516)	/ 2 )
=	-5.098	/	2.302
=	-221.46 %

where

	Invested Capital		(Q: Jun. 2025 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	2.501	-	0.267	-	( 0.379	-	max(0, 0.267	-	0.413	+	0.379	))
=	2.088

	Invested Capital		(Q: Dec. 2025 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	3.139	-	0.315	-	( 0.308	-	max(0, 0.333	-	0.714	+	0.308	))
=	2.516

Note: The Operating Income data used here is two times the semi-annual (Dec. 2025) data. The tax rate is limited to between 0% and 100%.

Frequently Asked Questions Learn more about ROC % →

What does a ROC % of -221.46% mean?

First Au (ASX:FAU) has a ROC % of -221.46% as of Dec. 2025. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on First Au and its competitors.

Is First Au's ROC % too high?

First Au's current ROC % is -221.46%.

How does First Au's ROC % compare to NEM and AU?

First Au's ROC % of -221.46% can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good ROC % for a Metals & Mining company?

A good ROC % depends on the Metals & Mining industry context. However, ROC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high ROC % mean?

A high ROC % can signal that a stock is expensive relative to its fundamentals. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on First Au and its competitors. First Au's current ROC % is -221.46%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is First Au stock overvalued right now?

First Au (ASX:FAU) has a current ROC % of -221.46%. The current ROC % is -221.46%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is ROC % calculated?

ROC % is calculated from a company's financial statements. For First Au (ASX:FAU), the current ROC % is -221.46% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

First Au Business Description

Industry Basic Materials Metals & Mining

Comparable Companies ASX:PRX ASX:ARI ASX:ZAG ASX:RGL ASX:HAW ASX:WCN ASX:KNB ASX:VKA ASX:OZM ASX:ION SHSE:601899 NEM TSX:AEM TSX:ABX TSX:WPM AU TSX:FNV HKSE:02259 TSX:K JSE:GFI

Address 295 Rokeby Road, Suite 1, Subiaco, WA, AUS, 6008

Website https://www.firstau.com

First Au Ltd is engaged in the exploration of gold and base metals in Western Australia. It Victorian Gold Project and Gimlet Gold Project. The company operates in Exploration and Evaluation Segment in Western Australia and Victoria. The company operates in one segment: Exploration and Evaluation Segment, which involves exploration and development in Western Australia, Victoria and Liberia - West Africa.